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Dilution profile // every instrument, one screen, from SEC filings

Kaival Brands Innovations Group, Inc. (KAVL)

CIK 1762239 · all EDGAR filings →

Overall dilution risk
HIGHworst of 3 computed signals (offering ability)
= the worst band among the computed sub-ratings, no hidden weighting
not every sub-rating was computable; treat as a floor
Offering ability
HIGHS-3/A on file 2025-08-04
= is there a registration (S-1/S-3 family) on file without a later withdrawal
no structured fee data on the live registrations, so this is a yes/no, not a size
Overhead supply
LOWwarrants = 5% of O/S
= warrant shares outstanding divided by current shares outstanding (bands: 20% / 50%)
warrants only; converts, ATMs and equity lines are not in free structured data, so the true overhead is AT LEAST this
Historical dilution
LOW-66% O/S in 3y
= share count now vs 3 years ago (bands: 30% / 100%); a reverse split pushes this negative
a reverse-split-sized cliff is in this window; read the chart
Cash need
NOT COMPUTEDrunway not computable from latest facts
= cash vs trailing operating burn

Same rating bands the category standard uses, but free, with the formula on the chip and the gaps in the data said out loud.

Shares outstanding over time

2020-09-142026-06-10

Latest: 19.5M shares as of Jun 10, 2026 (10-Q). Share count fell from 58.7M to 2.8M between Sep 15, 2023 and Feb 13, 2024, a pattern consistent with a reverse split (roughly 1-for-21); simultaneous issuance can skew the raw ratio, so confirm in the filings. The red bar marks the cliff.

Cash runway

Going-concern warning

auditor flagged substantial doubt

The company itself flagged going-concern doubt in a filing.

Full breakdown: cash runway tool · source filing →

Warrants

Warrants outstanding: 879,828 underlying shares, as reported Oct 31, 2021 (10-K).

Reported exercise price: $14.7 (aggregate figure as tagged; individual tranches vary).

Rough fully diluted estimate: 20.4M = 19.5M O/S + 879,828 warrant shares. An estimate, not a filing figure: it ignores converts, options and RSUs, and the two inputs carry different as-of dates.

Convertible notes

Convertible debt on the balance sheet: $50,000 as of Apr 9, 2026, tagged only as a company-wide total.

This filer tagged totals without per-note dimensions in its 10-Q filed Jun 16, 2026 →, so per-note terms (maturities, individual conversion prices) live in the exhibit prose and are not parsed here.

Fully diluted build-up

Shares outstanding plus every potential-share instrument the filer tagged in XBRL, each at its own as-of date. An estimate assembled from filed figures, not a filing figure itself.

Shares outstanding19.5MJun 10, 2026
+ Warrants (aggregate, as tagged) (if exercised)879,828Oct 31, 2021
Fully diluted estimate20.4M+4.5% vs O/S

Still excluded, because the filer does not tag them in countable form: employee options and RSUs, any instrument living only in exhibit prose, and instruments above missing a share count. Inputs carry different as-of dates, shown per row. Each figure traces to the tranche and note tables above and their cited filings.

Registrations and offerings

S-3Jun 16, 2025no structured fee exhibit in this filing (predates fee-data XBRL or fee deferred)filing →
S-3MEFJun 21, 2024no structured fee exhibit in this filing (predates fee-data XBRL or fee deferred)filing →
S-1May 1, 2024no structured fee exhibit in this filing (predates fee-data XBRL or fee deferred)filing →

Last 12 months: 1 executed · 0 registered.

EXECUTEDAug 18, 2025Shelf takedown priced — shares or notes (small-caps: usually shares; open the filing to confirm)424B5 →
EFFECTIVEAug 8, 2025SEC declared a registration effective — selling can beginEFFECT →
REGISTEREDAug 4, 2025S-3/A registration — capacity to sell shares, not a sale yetS-3/A →
REGISTEREDJul 11, 2025S-3/A registration — capacity to sell shares, not a sale yetS-3/A →
REGISTEREDJun 16, 2025S-3 registration — capacity to sell shares, not a sale yetS-3 →
EXECUTEDJun 24, 2024Final prospectus — offering priced (typical for IPOs and marketed share deals)424B4 →
REGISTEREDJun 21, 2024S-3MEF registration — capacity to sell shares, not a sale yetS-3MEF →
EFFECTIVEJun 21, 2024SEC declared a registration effective — selling can beginEFFECT →
REGISTEREDJun 20, 2024S-1/A registration — capacity to sell shares, not a sale yetS-1/A →
REGISTEREDJun 13, 2024S-1/A registration — capacity to sell shares, not a sale yetS-1/A →
REGISTEREDMay 29, 2024S-1/A registration — capacity to sell shares, not a sale yetS-1/A →
REGISTEREDMay 20, 2024S-1/A registration — capacity to sell shares, not a sale yetS-1/A →

Full history and shelf status: offering checker · S-3 shelf checker

Source: SEC EDGAR XBRL company facts and filing metadata, fetched live and cached briefly. Share counts are cover-page figures with their form named. Warrant tranches and convertible notes come from the dimensioned facts in the latest 10-Q/10-K instance document, exactly as the company tagged them; untagged tranches and notes are absent, not disproven. Nothing on this page is manually verified and nothing is behind a login: what free data supports is shown, what it cannot support is stated. Not investment advice.

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